2219 OTTAWA STREET SOUTH, KITCHENER
EQUITY INVESTMENT: $8,845,000
TOTAL UNITS: Over 200 townhomes and single-detached homes
DEVELOPER PARTNER: Cityzen Development Group, Tercot Communities
Greybrook invested equity capital alongside Cityzen Development Group and Tercot Communities, and will oversee their development of the Kitchener project.
The 22-acre development site is located approximately 110 kilometres West of Toronto, in the City of Kitchener, the fourth largest population centre in Ontario. The Kitchener-Waterloo region is home to a number of acclaimed postsecondary institutions, a globally recognized technology sector that has spawned hundreds of startups, and has attracted major multinational firms, including Google.
COMPLETION VALUE*: $133,000,000
*Total completion value estimated at time of investment.